Mannatech (NASDAQ:MTEX) Share Price Crosses Below Two Hundred Day Moving Average of $11.62

Shares of Mannatech, Incorporated (NASDAQ:MTEX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.62 and traded as low as $8.45. Mannatech shares last traded at $8.55, with a volume of 1,142 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Mannatech in a report on Thursday. They issued a “buy” rating for the company.

Mannatech Stock Performance

The company has a market cap of $17.26 million, a P/E ratio of -2.26 and a beta of 1.20. The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $11.58. The company has a quick ratio of 0.50, a current ratio of 1.09 and a debt-to-equity ratio of 0.10.

Mannatech (NASDAQ:MTEX) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $32.55 million during the quarter. Mannatech had a negative return on equity of 59.58% and a negative net margin of 5.62%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mannatech stock. Tower Research Capital LLC TRC grew its position in Mannatech, Incorporated (NASDAQ:MTEX) by 167.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,575 shares of the company’s stock after acquiring an additional 987 shares during the quarter. Tower Research Capital LLC TRC owned 0.08% of Mannatech worth $27,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.31% of the company’s stock.

Mannatech Company Profile

Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. The company primarily sells its products directly, as well as through e-commerce and network marketing channels.